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Critical voices on the World Bank and the IMF
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IMF joins discussion on greening financial sector, as climate risks threaten macro-stability
Fund and central banks increasingly pondering macroeconomic policies to tackle climate risks.
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Labour in Greece: With friends like the IMF…
IMF agrees to conditional participation in new Greek loan package and demands that the government maintains the suspension of collective bargaining despite rising inequality and decrease in wages.
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Development finance institutions and responsible corporate tax behaviour
Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.
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IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal
IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.
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IMF contemplates returning to Greece … again
The IMF has confirmed its participation in negotiations for the third Greek loan programme since 2010, seeking debt relief, privatisation and pension reform. The IFC has invested €150 million in Greece’s four main banks.
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Greece: IMF fails to learn own “lesson on the economic impact of austerity”
IMF has been criticised for undermining negotiations between Greece and other creditors and ignoring the results of a democratic referendum.
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Greece should default on its IMF loans
Bodo Ellmers of Eurodad argues that, should the IMF not get repaid by Greece, it could finally shock the institution from being a “political puppet” into an effective crisis response instrument.
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Troika in Cyprus: privatisation outrage
The Cyprus government nearly fell in February over IMF and European demands for the privatisation of three public utilities.
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Revolving doors: Portugal ex-minister appointed at the IMF
Former Portuguese finance minister, dubbed “fourth member of the Troika” appointed to head IMF fiscal affairs department.
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The Troika “hellhound” bites back in Greece
Troika mulls new loan while Greek government touts economic success story but economic, health and human rights conditions deteriorate. Lagarde admits “miscalculations” occurred in Greek loan, while European parliamentary committee blasts Troika as unaccountable and illegitimate.
